AMD's Fortunes Are Improving

[SteelCrysis]

https://www.tomshardware.com/news/amd-an...50-percent

AMD announced its fourth quarter 2019 and full-year earnings results today, with top-line numbers including record quarterly revenue of $2.13 billion, a 50% gain over the prior quarter. AMD also notched a record $6.73 billion in revenue in 2019, a 4% increase over the prior year.

AMD CEO Lisa Su announced during the earnings call that the company will introduce its next-gen RDNA architecture in 2020, saying, "In 2019 we launched our new architecture in GPUs, it’s the RDNA architecture, and that was [in] the Navi-based products. You should expect those will be refreshed in 2020, and we will have our new next-generation RDNA architecture that will be part our 2020 lineup."

Su didn't share many details of the new graphics cards, but said the company would announce more details at its Investor Day on March 5, 2020. Su also said we can expect new data center GPUs in the second half of 2020, too.
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AMD also made solid progress on the margin front as it enhances its profitability. Gross margins increased from 38% in 2018 to 43% in 2019, including a record 45% margin for the fourth quarter. AMD generated $170 million in profits during the quarter, a sharp increase over $45 million a year ago, and a total of $341 million during 2019.

AMD also reduced its debt by 50% during 2019 and has $1.5 billion in net cash on hand, the highest since 2016. That's a massive change from its $4.5 billion in debt ten years ago.

For 2020, AMD projects a 45% gross margin and a 30% increase in revenue. AMD said that, removing its semi-custom products from the mix, its other businesses grew over 20% during 2019 (including EPYC), and the company expects the same trend for 2020.